Brokerages Anticipate Analog Devices, Inc. (ADI) to Post $1.37 EPS

Equities research analysts expect that Analog Devices, Inc. (NASDAQ:ADI) will announce $1.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Analog Devices’ earnings, with estimates ranging from $1.35 to $1.40. Analog Devices reported earnings per share of $1.03 during the same quarter last year, which suggests a positive year over year growth rate of 33%. The company is scheduled to report its next earnings results on Wednesday, May 30th.

According to Zacks, analysts expect that Analog Devices will report full year earnings of $5.57 per share for the current year, with EPS estimates ranging from $4.72 to $5.84. For the next year, analysts expect that the firm will post earnings of $5.79 per share, with EPS estimates ranging from $5.37 to $6.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Analog Devices.

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Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. Analog Devices’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Deutsche Bank lifted their price target on Analog Devices from $85.00 to $87.00 and gave the stock a “hold” rating in a report on Thursday, March 1st. Nomura lifted their price target on Analog Devices from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 1st. Argus lifted their price target on Analog Devices from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. They noted that the move was a valuation call. Finally, KeyCorp lifted their price target on Analog Devices from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, March 1st. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.57.

Shares of Analog Devices (NASDAQ ADI) opened at $94.09 on Monday. The stock has a market capitalization of $35,005.61, a PE ratio of 45.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.25. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71. Analog Devices has a fifty-two week low of $74.65 and a fifty-two week high of $98.38.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s payout ratio is 91.87%.

In other Analog Devices news, SVP Yusuf Jamal sold 718 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total transaction of $65,259.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.22, for a total value of $902,200.00. The disclosure for this sale can be found here. Insiders sold a total of 66,218 shares of company stock worth $5,989,124 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its position in Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the period. Icon Wealth Partners LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $121,000. Cerebellum GP LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth approximately $130,000. Fieldpoint Private Securities LLC boosted its stake in shares of Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares in the last quarter. Finally, Clear Perspective Advisors LLC boosted its stake in shares of Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

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